The 2nd trait is discipline. Every trader must have a plan & more importantly, stick to it. It’s tempting to deviate when opportunities or panic arise, but I’ve found that consistently following my strategy, setting clear entry and exit points and not chasing trades ensure a stable performance over time.
Lastly, portfolio & risk management are absolutely essential. Before entering any trade, I always do my homework whether that’s through fundamental analysis or technical analysis. Understanding the risk, managing position sizes & ensuring my portfolio is diversified all play a key role.
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